AUDUSD and NZDUSD consolidate, 6th July 2011

by admin on Wednesday, July 6th, 2011 | No Comments

Trading Setups / Chart in Focus: NZDUSD The NZDUSD consolidated today forming an inside bar in the process. The mother bar high of this inside bar setup is also the all-time high in the NZDUSD, so a break of this high would be significant. Also, given that we are at this significant resistance level, we could also see price break lower from this inside bar, and so we will keep a close eye on this inside bar setup for the near-term. AUDUSD The AUDUSD moved lower early in today’s session but the